THE CORPORATIONS LAW

CHAPTER 2F - MEMBERS' RIGHTS AND REMEDIES

PART 2F.1 - OPPRESSIVE CONDUCT OF AFFAIRS

SECTION 232   GROUNDS FOR COURT ORDER  

232     The Court may make an order under section 233 if:

(a)  the conduct of a company's affairs; or

(b)  an actual or proposed act or omission by or on behalf of a company; or

(c)  a resolution, or a proposed resolution, of members or a class of members of a company;

is either:

(d)  contrary to the interests of the members as a whole; or

(e)  oppressive to, unfairly prejudicial to, or unfairly discriminatory against, a member or members whether in that capacity or in any other capacity.

For the purposes of this Part, a person to whom a share in the company has been transmitted by will or by operation of law is taken to be a member of the company.

Note:

For affairs , see section 53.